November 11, 2019 / 11:51 AM / a month ago

Deals of the day-Mergers and acquisitions

(Adds Huazhu Group, Alphabet, Occidental Petroleum; Updates Open Text, AOC, Jingye Group)

Nov 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2200 hours GMT on Monday:

** Alphabet Inc's Google signed its biggest cloud computing customer in healthcare yet, according to an announcement on Monday, gaining with the deal datasets that could help it tune potentially lucrative artificial intelligence tools.

** Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado that it acquired when it purchased Anadarko Petroleum, hoping the assets will fetch up to $700 million, according to people familiar with the matter.

** China's Huazhu Group is buying the Steigenberger hotels as it seeks to extend its global reach with the addition of one of Germany's most well-known upmarket chains.

** China's Jingye Group said it has reached a provisional deal to buy British Steel and promised to invest 1.2 billion pounds ($1.5 billion) over the next decade and save thousands of jobs.

** Active Ownership Capital (AOC), the third-largest shareholder of German renewable firm PNE AG, does not plan to accept a standing 4.00 euro per share ($4.41) bid from a Morgan Stanley controlled fund, PNE said.

** Canada's Open Text Corp will buy cloud security company Carbonite Inc for nearly $800 million in cash, the companies said.

** Israel's Communications Minister has approved the sale of a controlling share in the country's largest telecom group, Bezeq, to the foreign private investor group Searchlight Capital Partners, Bezeq's parent company said.

** China and Greece agreed to push ahead with a 600 million euros investment by COSCO Shipping into Greece's largest port, Piraeus, as part of efforts to boost its role as a hub in rapidly growing trade between Asia and Europe.

** Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has completed the sale of a 15% stake to South Korea's KEB Hana Bank for 20.3 trillion dong ($875.00 million), it said.

** Russia's VTB said that VTB Capital, its investment unit, had sold its entire stake in Bulgaria's leading telecoms operator, Vivacom, to United Group, a telecoms and media company.

** China Molybdenum Co said it plans to take an indirect 30% stake in an Indonesian nickel project to increase its exposure to the growing market for battery metals.

** Israel's Delek Group said its Ithaca subsidiary, which it plans to spin-off via a London listing, completed a deal to buy most of Chevron's British North Sea oil and gas fields for $2 billion.

** Australia's EML Payments said it would buy London-based Prepaid Financial Services Ltd, valuing it at about A$423 million ($290.01 million).

** Japanese internet banking giant SBI Holdings Inc and Fukushima Bank Ltd will form a capital and strategic tie-up, with SBI taking a 17.91% stake in the regional lender, the companies said.

** Australian lithium miner AVZ Minerals said it would negotiate a supply deal with a unit of China's Suzhou TA&A Ultra Clean Technology Co for products from its Manono Project in the Democratic Republic of Congo.

** Woodside Petroleum Ltd, Australia's top independent gas producer, said it would invest in a pipeline for the Pluto-North West Shelf (NWS) Interconnector, enabling the optimisation of gas processing from its offshore fields.

** Novartis is buying the Japanese generics unit of South Africa's Aspen Pharmacare in a deal worth up to 400 million euros ($440.80 million) to expand in the world's third-biggest drug market, the Swiss drugmaker said.

** Aspen Pharmacare Holdings agreed to sell its Japanese operations to Novartis' Sandoz for up to 400 million euros ($440.80 million) through a unit as it looks to cut debt, the South African drugmaker said.

** Prosus held firm on its $6.3 billion offer to buy Just Eat as it argued the merits of its bid versus one from Takeaway.com for the British online takeaway delivery firm.

** Dutch equipment rental firm Boels Topholding B.V. plans to offer 592 million euros ($652 million) for all the shares in rival Cramo, seeking to create a leading pan-European player in equipment rental, the companies said.

** British supermarket group Sainsbury's has struck a deal to sell packaged groceries and household products in Australia as it seeks to grow its wholesale business, it said.

** Prosus classifieds unit OLX Group will invest up to $400 million in Berlin-headquartered used-car trading platform Frontier Car Group (FCG) and combine their operations across emerging markets.

** Energy group Centrica and Stadtwerke Muenchen (SWM) Group have launched the sale of Spirit Energy, one of the North Sea's biggest oil and gas producers, according to a document sent to prospective buyers seen by Reuters.

$1 = 0.9074 euros Compiled by Ambhini Aishwarya in Bengaluru

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